东方电缆(603606) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,805,220,334.74, a decrease of 24.36% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was ¥214,077,932.52, down 34.04% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥224,632,492.54, a decrease of 30.29% compared to the previous year[4]. - The basic earnings per share for Q3 2022 was ¥0.31, reflecting a decline of 38.00% year-on-year[5]. - The diluted earnings per share for Q3 2022 was also ¥0.31, down 32.61% from the same period last year[5]. - The weighted average return on equity decreased by 3.47 percentage points to 4.09% for Q3 2022[5]. - The company achieved a main business revenue of 1.796 billion RMB in Q3 2022, a year-on-year decrease of 24.68%[13]. - For the first nine months of 2022, the company reported a cumulative main business revenue of 5.664 billion RMB, a year-on-year decrease of 1.99%[13]. - Net profit for the first three quarters of 2022 was approximately ¥736.29 million, a decrease of 23.4% compared to ¥961.52 million in the same period of 2021[22]. - The company reported a total comprehensive income of approximately ¥514.83 million for the third quarter of 2022, down from ¥957.76 million in the same period of 2021[22]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥8,632,002,407.83, an increase of 2.96% compared to the end of the previous year[5]. - The equity attributable to shareholders increased by 5.61% to ¥5,155,690,237.86 compared to the end of the previous year[5]. - The company's total assets as of September 30, 2022, amounted to 8.632 billion RMB, compared to 8.384 billion RMB at the end of 2021[18]. - The company's total liabilities as of September 30, 2022, were approximately 2.090 billion RMB, down from 3.413 billion RMB at the end of 2021[18]. - Total liabilities as of the end of the third quarter of 2022 were approximately ¥3.47 billion, a slight decrease from ¥3.50 billion at the end of the previous quarter[21]. - Total equity attributable to shareholders of the parent company was approximately ¥5.16 billion, an increase from ¥4.88 billion in the previous year[21]. Cash Flow - The net cash flow from operating activities for the year-to-date was negative at -¥802,936,220.82[5]. - The net cash flow from operating activities for the first three quarters of 2022 was -802,936,220.82 RMB, compared to -170,704,949.76 RMB in the same period of 2021[24]. - Total cash inflow from operating activities was 5,313,562,989.16 RMB, an increase from 5,192,459,467.82 RMB year-over-year[24]. - Cash outflow from operating activities totaled 6,116,499,209.98 RMB, up from 5,363,164,417.58 RMB in the previous year[24]. - The net cash flow from investment activities was -225,320,983.73 RMB, compared to -299,795,653.32 RMB in the same period of 2021[25]. - Cash inflow from financing activities amounted to 1,579,800,000.00 RMB, compared to 585,900,000.00 RMB in the previous year[25]. - The net cash flow from financing activities was 395,589,170.48 RMB, a decrease from 427,841,296.08 RMB year-over-year[25]. - The ending balance of cash and cash equivalents was 862,283,463.38 RMB, down from 918,231,341.47 RMB in the previous year[25]. - The company received 470,000,000.00 RMB related to investment activities, indicating a significant cash inflow[25]. - The cash paid for purchasing fixed assets and other long-term assets was 231,177,188.09 RMB, compared to 496,315,335.74 RMB in the previous year[25]. - The company reported a significant increase in cash received from other operating activities, totaling 455,717,124.78 RMB, compared to 212,646,377.61 RMB in the previous year[24]. Operational Challenges - The company experienced delays in the delivery of some submarine cable projects due to the end of the domestic offshore wind power installation rush and the impact of the pandemic[8]. - The land cable system revenue for the first nine months was 3.089 billion RMB, an increase of 15.96% year-on-year, while the submarine cable system revenue was 1.926 billion RMB, down 23.62%[13]. - Research and development expenses for the first three quarters of 2022 were approximately ¥189.02 million, slightly down from ¥190.99 million in the same period of 2021[21]. - Deferred income as of the end of the third quarter of 2022 was approximately ¥58.78 million, a decrease from ¥63.98 million at the end of the previous quarter[21]. - The company reported a significant decrease in accounts payable, which was approximately 773 million RMB compared to 733 million RMB in the previous year[18]. - Total operating costs for the first three quarters of 2022 were approximately ¥4.74 billion, an increase of 3.1% compared to ¥4.59 billion in the same period of 2021[21].